A rental agreement is a written contract between two parties, the landlord (lessor) and the tenant (lessee), that covers a period of rental usually long term which is more than 12 months. This rental agreement is a legal contract that includes the agreed rent of house or property, the agreed term, and conditions to use that property, and all the concerning rent related legal terms.
How do I create a Rental contract?
A rental agreement differs from a lease agreement because it is not a long-term contract and usually occurs on a monthly basis. Such a month-to-month lease agreement expires and then renews each month upon agreement of the parties involved. So they often have no long-term requirements. At the end of each thirty-day period, both the landlord and the tenant are free to change the rental agreement (subject to local rental laws). Rental agreements, therefore, have more leeway. However, either the tenant or the landlord can alter the terms of the agreement at the end of the period. A rental agreement typically renews automatically after each rental period has finished. The landlord has the option to raise the rent or request that the tenant quit the premises without violating the rental agreement. A landlord must give proper notice to quit, however, prior to requesting the tenant leaves the property.
- Landlord Information: You need to provide information on the landlord of the property. You should mention the landlord's name and complete address. If there are multiple landlords, you need to mention them all.
- Tenant Information: At the very least, you need to list all potential tenants of your property by name. You may also want to include the tenant's current address.
- Premises Information: In your rental agreement, you need to provide basic information about the premises that you are renting. The basic information is the type of property(House, Apartment, Condominium, Basement, Room, or Mobile Home) as well as the address of the property. You may also wish to provide additional information about the property including storage areas and the number of bedrooms or bathrooms. This is optional and not required.
- Premises Guidelines: This is the most important part of any rental agreement. You need to make sure you are covered in writing when it comes to agreements with your tenants over the property.
The following are important topics to discuss when making a rental agreement:
- Utility Name on Bill Payment Method (circle one)
- Electricity, Water, Gas, Heat, Garbage, Internet, Phone, Cable, Other: Even Split Rotating Specific Roommate(s),
- Parking: The Roommates are entitled to park their vehicles on the Premises per the following instructions: Roommate Make and Color of Vehicle Parking Spot Location Each Roommate is responsible for any damage to the Premises caused by him or her including his or her guests.
- Internet Cable/Satellite
- TV Trash
- Pickup Moving Out
- Privacy/Guests/Overnight Guests
- Sharing of Personal Items
- Noise/Study Times & Space
- Smoking, Drinking, Drugs
- Other rent related topics that should be mentioned
If you are looking to download a rental contract, you can use this one and easily customize it to suit your needs. If this isn't the right agreement template that you are looking for, then certainly take a look at the other tenant documents, rent or lease related files and forms on Bizzlibrary.com.
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Great rental agreement
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